Media

Media

Sunshine Coast Vacancy Rates

Apr 26, 2017 Ann Lindner Comments ((Disabled))

The latest REIQ report on the Rental Market:-

  • Maroochy Coast was the tightest rental market in Queensland with a vacancy rate of 1.1 % for December 2016.
  • Noosa vacancy rate remained relatively steady with vacancy rates of 1.4%. This market has operated in the tight range for the past four years (since September 2012).
  • Rentals of medium to high density living in Noosa follow a cyclical performance with a market peak during the summer and holidays period. Vacancy rates of units in Noosa reduced from 3.2% in June 2016 to 1.4% December 2016
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Property Market Activity 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Residential-

In short the local market is booming HOWEVER only in some suburbs. In the past two weeks we have spoken with a number of selling agent with one Buderim agent reporting a Saturday of three open homes with all selling under multiple offer situations, one over the list price.

Similar story in the Kawana Waters coast strip West of Nicklin Way. Due to a severe shortage of quality listings one agent was inundated with 5 offers on the first open home at Warana after hitting the internet at 3pm the previous day. The property was an original beach brick home 3 bed, 2 bath 2 garage two streets back from the beach listed at $610,000+.

Commercial –

The $20 million Bli Bli village Centre development is expected to finish mid year, 50% of the centre has already been leased.

The demand for office space has been quantified within the Property Councils latest Office Market Report. The report shows during 2016 the vacancy rate on the Sunshine Coast fell from 9.2% to 6.9%. Not surprisingly the Sunshine Coast has the lowest vacancy rate in Qld, with Brisbane CBD 15.3% and Gold Coast at 12.2%.

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Airport deal takes flight

Feb 14, 2017 Ann Lindner Comments ((Disabled))

A $605 million deal with Palisade and the Sunshine Coast Council has been struck to deliver the international airport. As part of a 99 year lease, Palisade will pay $82 million lease payments in total with an up-front $67 million payment that the council will use for the construction of the runway.

Palisade will take charge of operating, investing and developing the airport along with negotiating with airlines for routes etc.

The deal will not only see the council retain ownership, but also pocket a 5% annual slice of the gross revenue for the life of the lease.

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Sunshine Coast Facts & Figures 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Current Population 341,054

Predicted Population 2036 536,000

No of working people 160,500

Average house price $515,000

Gross regional Product $16 billion

Five year change +17%

Visitors international and domestic

3,522,000 in 12 months to Sept 2016 (up 12.9%)

Biggest Current Industries

Construction $1.4 billion

Health care and social assistance $1.3 billion

Financial & insurance services $1.1 billion

Key Industries for Jobs Growth

Rental, hiring and real estate

Arts and recreation

Retail

Health care and social assistance

Accommodation & food

Education & Training

Personal services

Source: The Courier Mail

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State of the Region

Dec 22, 2016 Ann Lindner Comments ((Disabled))

Mayor Mark Jamieson has described 2016 as a “momentous” one for the Sunshine Coast at his annual State of the Region address on 9 December.

View the brochure which highlight just some of our achievements over the past year and outlines where we are placed as a region at the end of 2016.

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Sunshine Coast Stadium

Dec 07, 2016 Ann Lindner Comments ((Disabled))

Sunshine Coast Council will contribute $2 million towards the upgrade of the Sunshine Coast Stadium at Bokarina, with the Federal Govt pitching in $480,000 from their Get Playing Plus program.

The upgrade will bring the grounds up to standard to attract elite trial matches with NRL, Super Rugby and A-league all being targeted.
The work includes new mounds on the northern, eastern and southern ends of the grounds expanding capacity to 10,000 maximum, and a 36 square metre LED scoreboard/screen.
Work is expected to be completed Feb March 2017.

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Sunshine Coasts International Airport

Dec 07, 2016 Ann Lindner Comments ((Disabled))

As an early Christmas present the Federal Government has approved a $181 million concessional loan for the Sunshine Coasts International Airport.  ..

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Beerwah Update

Dec 07, 2016 Ann Lindner Comments (0)

Beerwahs' old timber mill is looking at a major redevelopment into a $20million estate.

Construction has started on ‘Millbrook’ and will see 48 free standing houses within walking distance to shops and railway.

Going against the developers motto of ‘more means money’ the family owned developers decided on detached low set houses that didn’t compromise on the views of the Glasshouse Mts.

Prices start from $385,000

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